1. The buyer of a car pays P169,000 cash and P12,000 every month for 5 years. If money is 10% compounded monthly, how much is the cash price of the car? 2. The buyer of a lot pays P10,000 every month for 10 years. If money is 8% compounded annually, how much is the cash value of the lot? (round- off the value of "j" in 6 decimal places) 3. In order to save for her high school graduation, Maria decided to save P200 at the end of every other month, starting the end of the second month. If the bank pays 0.250% compounded monthly, how much will be her money at the end of 5 years, (round-off the value of "j" in 6 decimal places)

Q: 1. How much money you must invest today in order to withdraw ? 1,000 per year for 10 years, if the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the amount of interest paid?

A: Interest is the cost of borrowing a loan. It is the excess amount over the principal borrowing. It…

Q: u paid $10,000 for a car whose value is depreciating by 15% per year, compounded annually.  Assuming…

A: Depreciation : Depreciation is the reduction in the cost of the assets due its day to day use and…

Q: 1.Miss Esther Grey borrowed P70,000.00 at 16.8% simple interest. How much will she pay at the end of…

A: "Hi, Thanks for the Question. Since you asked multiple questions, we will answer first three…

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Q: 3. To buy a computer, Tom borrowed P30,000 at 9% simple interest calculated yearly. If he will be…

A: Interest rate charged on the loan is a function of the demand of the funds and the supply of the…

Q: 1. Suppose that Nora invested $800at 8.5% compounded annually for 7years and Patti invested $800 at…

A: Hi! Thank you for the question, As per the Honor Code, we are allowed to answer one question in case…

Q: (For items 10-12) A car is to be purchased in monthly payments of P17,000 for 4 years starting at…

A: Note: It has been assumed here that P is the currency in which the payments are made. The present…

Q: If money is worth 9.73% annually, what annual payment is required to raise ₱ 15,434 after 4 years?

A: It can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv], [type]) Rate The…

Q: 1. What is the compound amount and interest if Php 10,000 is invested at 3.6% compounded monthly for…

A:

Q: 2. You bought a $30,000.00 machine with $6,000.00 down payment and agreed to pay for the rest at 1%…

A: The question is based on the concept of Financial Management. Annuity refers to the amount of equal…

Q: 2. Find the cash value of a sala set that can be bought for 2,500 down payment and 288 a month for…

A: The given problem can be solved using PV function in excel. PV function computes current value for…

Q: Person A deposits $2750 in an account that pays 5% interest compounded once a year. Person B…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: A house and lot are worth ₱4.3 million in cash. A buyer pays a 40% down payment and agrees to pay…

A: Total Worth = 4,300,000 Down Payment = 40% of Total Worth = 40%*4,300,000 = 1,720,000 Loan Amount =…

Q: A company purchased a new machine for $70,000.  They borrowed the money to buy the machine from…

A: Given information : Purchase price = $24,000 Interest rate = 4% Time period = 24 months

Q: and the interest is 12% compounded monthly

A: Present value computes the existing value of future benefits by discounting future worth with a…

Q: How much money should be invested in an account that earns 9% interest, compounded monthly, in order…

A: Computation of the money that has to be invested:Hence, the money that has to be invested is…

Q: For item (13) A car is to be purchased in monthly payments of P17,000 for 4 years starting at the…

A: Present value of any loan or borrowing is the sum of the down payment initially and the value of…

Q: How much money should be invested in an account that earns 6% interest, compounded monthly, in order…

A: COMPOUNDING MONTHLY INTEREST RATE (6%/12) 0.50% YEARS OR PERIOD (5*12) 60 PMT 0 FUTURE VALUE…

Q: Suppose you borrowed $15,000 at a rate of 10% and must repay it in 5 equal payments at the end of…

A: Annual worth distributes present worth into equivalent uniform value over its useful life.

Q: For items 8-10. A car is to be used in monthly payments of P 17,000 for 4 years starting at the end…

A: Total months 4*12 = 48 - 4 = 44 months

Q: A house and lot are to be purchased by paying P 15,500.00 monthly payable in 25 years. The first…

A: Present Value of annuity due formula will be used to calculate the value of house and lot as the…

Q: A service car whose cash price was ₱ 540,000 was bought with a down payment of ₱ 162,000 and monthly…

A: Annuity is a payment made in a fixed interval into a deposit or annual payment made for discharge of…

Q: Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped. 4…

A: Calculations are done in excel so there is no intermediate rounding effective monthly interest rate…

Q: The buyer of a lot pays P10,000 every month for 10 years. If money is 8% compounded annually, how…

A: Future Value of Annuity: If a certain rate of return, or discount rate, is assumed, the future value…

Q: 1. At what interest rate will a principal of ₱9,500 accumulate to ₱15,000 in 2 years compounded…

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Q: What was the rate of interest if compounded monthly?

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Q: Today, a businessman borrowed money to be paid in 10 equal payments for 10 quarters. If interest…

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Q: For items 14-15. A car is to be purchased in monthly payments of P17,000 for 4 years starting at the…

A: PRESENT VALUE OF ANNUITY: PVA =A×1-11+RMM×NRM WHERE, A=annuity R=rate of interest M=frequency of…

Q: is yer of a lot pays P 50,000.00 cash and P 10,000.00 every month for 10 years. If money s 0%…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: A monthly payment must be made to pay off a car worth Php 1,800,000 for 5 years. Assuming…

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Q: 1) Mr. Ang's money became Php165,000 @ the end of 10 months. If the bank pays 12% annually, how much…

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Q: A house and lot costing P2 million was bought at down payment of P500,000. He paid 1 million after 1…

A: Future Value The future value is the amount that will be received at the end of a certain period.…

Q: nd l

A: Present Value of annuity due formula will be used to calculate the value of house and lot as the…

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A: The rental value of a property is the fair market value of the property when it is leased out under…

Q: 2. The buyer of a lot pays P10,000 every month for 10 years. If money is 8% compounded annually, how…

A: Use the Excel FV function with the following inputs to determine the cash value of the lot. RATE =…

Q: A person finances $35,500 for a new car for 6 years at 4.5% APR. What is their monthly payment?

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Q: The purchase price of a car is Php 35,051, Mr. Smith makes a down payment of Php 2,311 and borrows…

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Q: The buyer of a lot pays $50,000.00 cash and $10,000.00 every month for 10 years. If money is 8%…

A: Given:

Q: If money earns 3.9% compounded monthly, what two equal payments, one in 1 year and the other in 2…

A: Here, Interest Rate is 3.9% Compounding Period is Monthly i.e. 12 One Payment is made in Year1…

Q: 5. The buyer of a lot pays P50, 000 cash and P10, 000 every month foor 10 years. If топey is 8%…

A: The term present value of money refers to the sum of the present value of future cash flows. In…

Q: Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped 4…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Answer the following probiems: 1. The buyer of a car pays P 169,000 cash and P 12,000 every month…

A: Solution:- Cash price means the amount payable in today’s terms. So, cash price = Down payment +…

Q: 1. A car costs Php 1,400,000. Suppose a man gives a down payment of Php 400,000 for the car, and…

A: Loan amount (L) = Php 1400000 - Php 400000 = Php 1000000 r = 5% per annum = 0.4167% per month n = 10…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.